Toyota Profit Surges on Back of Weak Yen

April-June Net Profit Surges 94%

TOKYO—Toyota Motor Corp. posted a record quarterly profit of ¥562.2 billion ($5.63 billion) and raised its outlook for the year, benefiting from years of cost-cutting and a windfall from a weaker yen.

Toyota's bottom line for its fiscal first quarter represents the most money ever made in a single quarter by a nonfinancial Japanese company, said Nomura Securities Co. The profit illustrates the resurgence of Japan's auto industry and...